ROCHELLE — The City of Rochelle announced Tuesday a decrease in the Small General Service electric rate which serves commercial, retail and other light industrial customers.
“It is essentially important that we analyze our rates every few years to be sure they are in line with the cost of providing service to our customers,” said Mayor John Bearrows.
Utility Financial Solutions conducted a cost of service and rate design study of the current electric rates. The study included a thorough review of the rate design in comparison to the actual cost of service. In the last couple of years, there have been a few changes that have positively impacted the cost of power and electric rates.
As a result of the rate study, we can to provide a 9 percent rate reduction to our Small General Service rate 130 which includes most of our commercial, retail, and other light industrial customers. The Small General Service rate 140 will also have a 1 percent decrease although this particular rate serves a very small number of commercial customers.
“While this has been in the works for some time, the rate decrease couldn’t have come at a better time for our small businesses suffering due to the pandemic,” said city manager Jeff Fiegenschuh.
The new rate takes effect in the first billing cycle of 2021. For questions, please contact the RMU Customer Service office at 815-562-4155.